SBI General Insurance Business Correspondent Salaries by 3 Employees (Updated 2025)

1 - 4 years exp.

₹2.5 Lakhs - ₹3 Lakhs

Low Confidence

Salary of majority employees

6% more than the average Business Correspondent Salary in Insurance Companies for 1 - 4 years of experience

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Salaries in different departments

Administration & Facilities Business Correspondent Salary 1 - 2 years exp. (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.3 L/yr
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IT & Information Security Business Correspondent Salary 4 years exp. (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.8 L/yr

Last Updated: 5 Feb 2025

Companies similar to SBI General Insurance for Business Correspondent

Company name	Avg Annual Salary	Open Jobs
State Bank of India Business Correspondent Salary 1 - 12 years exp. (36 salaries)	₹1.3 L/yr - ₹4 L/yr 4% less
Bank of Baroda Business Correspondent Salary 2 - 10 years exp. (20 salaries)	₹1.7 L/yr - ₹4.2 L/yr 17% less
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Bank of India Business Correspondent Salary 0 - 10 years exp. (12 salaries)	₹1 L/yr - ₹4.5 L/yr 5% less
Indian Overseas Bank Business Correspondent Salary 1 - 5 years exp. (11 salaries)	₹1 L/yr - ₹3 L/yr 36% less
Canara Bank Business Correspondent Salary 1 - 6 years exp. (9 salaries)	₹1.2 L/yr - ₹5.2 L/yr 9% less

Business Correspondent salary at SBI General Insurance ranges between ₹2.5 Lakhs to ₹3 Lakhs per year for employees with experience between 1 year to 4 years. Salary estimates are based on 3 latest salaries received from various employees of SBI General Insurance.

Experience wise SBI General Insurance Business Correspondent salaries

Last Updated: 5 Feb 2025

Experience	Avg Annual Salary
1 year (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
2 years (AmbitionBox Estimate)	₹2.7 L/yr - ₹3.5 L/yr
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4 years (AmbitionBox Estimate)	₹2.3 L/yr - ₹2.9 L/yr

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Salary related reviews for SBI General Insurance

Area Sales Manager in Ratlam

Full Time

Security Services Department

4.0

• posted on 06 Jan 2025

1.0

for Salary and Benefits

Likes

The company is good, the atmosphere and staff are also good and I want to work in this company for a long time.

Skill development - Good

+3 more

Dislikes

I am getting very less salary as compared to my hard work so my salary should be increased

Salary - Bad

+1 more

Business Development Manager in Gorakhpur

Full Time

Business Development Department

2.0

• posted on 17 Sep 2022

2.0

for Salary and Benefits

Likes

Like you can say... Working with branch managers , can see yourself always professional . People will treat you like banker.

Job security - Good

Dislikes

No growth and promotion No good salary Not ethical practices followed. Your boss treat you like slave... Officially as per HR policy every Saturday is off... But you have to work on each Saturday as per your boss. Nothing to learn .

Salary - Poor

+4 more

Business Development Manager in Gorakhpur

Full Time

BFSI, Investments & Trading Department

3.0

• posted on 29 Apr 2023

3.0

for Salary and Benefits

Likes

Salary on time. Banca channel target goes on auto mode if you have good relationship with managers.

Job security - Good

+1 more

Dislikes

Overloaded targets, terrible managers. Considering Insurance sectors, plenty of works in your working time.Unwanted VCs by senior that can disturb your work flow each day. Salary is very less compared to other companies.

Skill development - Bad

+2 more

Sales Manager in Gwalior

Full Time

BFSI, Investments & Trading Department

5.0

• posted on 05 Jul 2021

5.0

for Salary and Benefits

Likes

...gement is transparent. There is a huge cafeteria and gaming arcade for chilling. Company policies are good, appraisals are fair and they give good salary hike and bonus every year.

Salary - Excellent

+6 more

Business Development Manager in Vijayawada

Full Time

Insurance Department

5.0

• posted on 07 Jun 2021

4.0

for Salary and Benefits

Likes

...agement is transparent.there is a huge cafeteria and gaming arcade for chilling. Company policies are good , appraisals are fair and they give good salary hike , incentives and bonus every year

Salary - Good

+6 more

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CTC - 8 LPA Loc - Bengaluru, India I have been working in the same company for the last 5 years. My salary went from 3.6 LPA to 8 LPA over the years. I recently put papers, and, started giving interviews. I got an offer from TCS for 15 LPA(12.8 fixed). For more than a month, I've been giving interviews, asking for 18 LPA and many HRs are rejecting straight away, citing it is more than 100% hike from my current CTC. I kept trying and now I am selected for 5 companies - Iris Software, Capgemini, Quantzig Analytics, PwC, HCL, Infinite. Salary discussions are about to start and I'm confused. I'm not good at this. Can anyone suggest?

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SBI General Insurance Business Correspondent Salary FAQs

What is the notice period for Business Correspondent at SBI General Insurance?

According to AmbitionBox, 67% of the SBI General Insurance Business Correspondents reported a notice period of 3 Months, 33% reported a notice period of 15 days or less.This is based on 3 responses on AmbitionBox in last 2 years.

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SBI General Insurance Business Correspondent Salaries

SBI General Insurance Business Correspondent salary in India ranges between ₹2.5 Lakhs to ₹3 Lakhs with an average annual salary of ₹. Salary estimates are based on 3 SBI General Insurance latest salaries received from various employees of SBI General Insurance.